Company Valuation: ADAI POWE

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2024 2025 2026 2027 2028 2029
Market Cap 1 7,13,919 20,58,834 19,64,339 29,00,997 37,83,850 - -
Change - - -4.59% 47.68% 30.43% - -
Enterprise Value (EV) 1 7,13,919 20,58,834 19,64,339 33,78,436 44,14,969 46,07,179 47,41,316
Change - - -4.59% 71.99% 30.68% 4.35% 2.91%
P/E - 10.3x 15.8x 22.7x 29.9x 24.6x 22x
PBR - - 3.49x 4.47x 4.78x 4.06x 3.51x
PEG - - -0.4x 9.41x -37.85x 1.1x 1.9x
Capitalization / Revenue 2.58x - 3.5x 5.35x 5.96x 5.2x 4.38x
EV / Revenue 2.58x - 3.5x 6.23x 6.96x 6.34x 5.49x
EV / EBITDA 7.27x - 9.22x 17.1x 18.8x 16x 13.5x
EV / EBIT 10.7x - 11.6x 22.2x 23.6x 20.2x 17.6x
EV / FCF 10.5x - 19.8x -119x -71.3x -35.2x -48x
FCF Yield 9.52% - 5.06% -0.84% -1.4% -2.84% -2.08%
Dividend per Share 2 - - - - - - -
Rate of return - - - - - - -
EPS 2 - 10.32 6.464 6.62 6.568 7.976 8.913
Distribution rate - - - - - - -
Net sales 1 2,77,112 - 5,62,031 5,42,405 6,34,431 7,26,979 8,62,957
EBITDA 1 98,142 - 2,13,054 1,98,061 2,35,011 2,87,824 3,50,529
EBIT 1 66,966 - 1,69,966 1,52,416 1,87,001 2,27,616 2,70,085
Net income 1 49,116 2,08,288 1,29,388 1,28,343 1,24,228 1,52,317 1,67,768
Net Debt 1 - - - 4,77,440 6,31,119 8,23,329 9,57,466
Reference price 2 37.02 106.76 101.86 150.43 196.21 196.21 196.21
Nbr of stocks (in thousands) 1,92,84,695 1,92,84,695 1,92,84,695 1,92,84,695 1,92,84,695 - -
Announcement Date 05/05/22 01/05/24 30/04/25 29/04/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.88x6.96x18.79x-.--% 3.94TCr
13.71x2.71x10.12x3.04% 3.18TCr
12.45x6.71x13.96x3.53% 2.91TCr
21.1x10.58x15.24x2.14% 2.75TCr
22.35x7.65x12.48x1.73% 2.71TCr
73.4x18.41x21.87x-.--% 2.19TCr
16.12x5.06x10.05x3.49% 1.82TCr
Average 27.00x 8.30x 14.64x 1.99% 2.78TCr
Weighted average by Cap. 25.95x 7.94x 14.80x 1.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield